Capital Restructuring | Fourth Quarter 2015

February 2016 – Moody’s default rate finished 2015 at 3.2%, while the S&P default rate rose to 2.8%, its highest level since 2013. According to Moody’s, defaults in 2016 will likely be concentrated in a select number of industries. There were 75 Chapter 11 bankruptcy filings in 2015 that involved debt of $100 million or more. The number of large Chapter 11 cases in 2015 was at its highest since 2010.

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